Absorption Report

Port Charlotte, FL

Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market		 Balanced
Market		 Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
26k-50k 1 0.2 0
51k-75k 2 1 0.3 0
76k-100k 2 6 2 0.5 2
101k-125k 2 10 1 0.8 1.2
126k-150k 6 18 3 0.5 2
151k-175k 11 28 3 0.4 2.4
176k-200k 32 50 4 0.3 3.8
201k-225k 45 71 17 0.3 3.8
226k-250k 62 77 11 0.2 4.8
251k-275k 72 72 13 0.2 6
276k-300k 135 97 20 0.1 8.4
301k-325k 146 155 19 0.2 5.7
326k-350k 216 134 19 0.1 9.7
351k-375k 128 82 15 0.1 9.4
376k-400k 173 73 13 0.1 14.2
401k-425k 77 38 5 0.1 12.2
426k-450k 75 25 1 0.1 18
451k-475k 54 27 1 0.1 12
476k-500k 65 24 6 0.1 16.3
501k-550k 64 18 7 0 21.3
551k-600k 62 31 9 0.1 12
601k-650k 34 18 6 0.1 11.3
651k-700k 33 11 1 0.1 18
701k-750k 23 8 2 0.1 17.3
751k-800k 33 10 0.1 19.8
801k-850k 18 3 0 36
851k-900k 22 6 1 0 22
901k-950k 10 2 2 0 30
951k-1m 17 4 0 25.5
1m-1.1m 10 1 0 60
1.1m-1.2m 9 5 0.1 10.8
1.2m-1.3m 12 6 0.1 12
1.3m-1.4m 2 0
1.4m-1.5m 4 2 0.1 12
1.5m-1.6m 4 0
1.6m-1.7m 2 0
1.7m-1.8m 2 1 1 0.1 12
1.8m-1.9m 5 0
1.9m-2m 1 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
3.5m-4m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
126k-150k 1 0
151k-175k 1 0

Condos 1% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
51k-75k 2 6 0.5 2
76k-100k 3 9 1 0.5 2
101k-125k 13 8 3 0.1 9.8
126k-150k 37 20 3 0.1 11.1
151k-175k 19 8 2 0.1 14.3
176k-200k 19 4 0 28.5
201k-225k 5 3 0.1 10
226k-250k 9 14 2 0.3 3.9
251k-275k 10 4 0.1 15
276k-300k 10 0
301k-325k 3 2 1 0.1 9
326k-350k 5 0
351k-375k 3 0
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
-24,000-0 4 0
1k-25k 1283 571 90 0.1 13.5
26k-50k 1144 142 29 0 48.3
51k-75k 230 27 2 0 51.1
76k-100k 155 29 1 0 32.1
101k-125k 83 10 3 0 49.8
126k-150k 48 6 1 0 48
151k-175k 58 1 0 348
176k-200k 32 2 0 96
201k-225k 22 2 1 0 66
226k-250k 13 1 0 78
251k-275k 6 1 1 0 36
276k-300k 11 0
301k-325k 5 1 0 30
326k-350k 4 0
351k-375k 4 1 0 24
376k-400k 6 1 0 36
426k-450k 4 0
476k-500k 2 0
501k-550k 2 1 0.1 12
551k-600k 4 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
851k-900k 1 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 2 0
3.5m-4m 1 0
4.5m-5m 1 0
12.01m-13m 1 0